September swoon…how low can it go?

September is normally the most volatile month for the stock market.  Today’s decline is a confirmation of that notorious reputation.  This pullback should come as no surprise, the market has gotten overheated to near levels of irrational exuberance.  Amateur and professional investors alike have been recklessly buying into stocks with nonsensical valuations- Tesla, Zoom andContinue reading “September swoon…how low can it go?”

Testing June or December LOWs?

Major turmoil in the markets today.  Have you heard?  There’s a trade war going on. As I mentioned a couple weeks ago, I’m waiting for the S&P 500 to hit its 200dma before I buy this dip.  Hasn’t happened yet, but with the seasonal volatility of August-October, I might just get my chance. Today’s newsContinue reading “Testing June or December LOWs?”

Buy the dip? WAIT for 200dma

Today China devalued their currency and the market selloff is reminiscent of August 2015 when exactly the same thing occurred.  So we’ve seen this play before. Back then, the S&P500 dropped ~12% over a two week period.  In 2015 the concern wasn’t tariffs or a Trade War, but rather a meltdown of the Chinese economy.Continue reading “Buy the dip? WAIT for 200dma”